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AMA RECAP: ONESHOT VENTURES x COOLMINING

AMA RECAP: ONESHOT VENTURES x COOLMINING

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On 27th April ONESHOT Ventures has a Telegram AMA with COOLMINING

PLACE : https://t.me/oneshotventures_chat
TIME : 2 PM UTC | 9 PM (UTC +7) | 27th April 2022
Airdrop : $100
Great, the AMA will be happening as follows:

ONESHOT VENTURES:
Our team has prepared several questions for you. Can we start?
1. Briefly introduce yourself, your game and your team.

COOLMINING :
Hi, I am Rictoshi, the chief designer of CoolMining. I have been actively investing in crypto since 2017 and started my own mining business.
Our team are a group of early BTC adopters with backgrounds in BTC mining, solidity development and graphic design. Sharing a common faith in the Proof-of-Work and witnessing the evolvement of Dapps over the years, we are inspired to combine these two exciting innovations and create a decentralised game so that all individuals are able to participate in BTC mining.
CoolMining is an on-chain simulation game based on real-life hash power. All hashrate corresponds to real-world hashrate. It is the first Gamefi project with NFTs backed by real life assets. Players can participate as stakers, miners and mining site owners to savor the joy of creation.

ONESHOT VENTURES:
2. Can you share more of your gameplay mechanism?

COOLMINING :
So in general, there are currently two ways to enjoy CoolMining after we officially launch the game.
1. Staking through mining pool. Put CoolHash, the hashrate token, into the mining pool to“connect”to the BTC network and start earning BTC rewards.
2. Mining using miner NFTs. Players need to collect miner accessories first to customise miners. The miners help to accelerate mining by adding hashrate bonus, which will translate into higher BTC rewards for players.
All of our gaming mechanism is realised on-chain through smart contracts. Our techs have been working so hard to achieve this. Also, just mention, our contracts have been audited by Certik.

ONESHOT VENTURES:
3. Where does the BTC rewards coming from?

COOLMINING :
We are using real world hashrate to back the hash power in our ecosystem.
Along with some of our founding members, have been running our own mining business since 2017.
As some of you may have noticed from our roadmap and docs.For Phase one, we have secured 100 PH/s hashrate to support the 10,000,000 CoolHash we distribute.
Which means, every 10 minutes, these real world hashrate are generating BTC as block rewards, which will be distributed to players. And to ensure a stable and continuous BTC rewards delivery, we actually have excess hash power in reserve in case of extreme events.

ONESHOT VENTURES:
4. How does your NFT and mystery boxes work?

COOLMINING :
NFTs are actually the coolest thing we’ve realized in the CoolMining world.
We have two categories of NFTs in the ecosystem. Which can be collected from our mystery boxes. So, the mystery boxes include CoolPart NFTs, which are essentially miner accessories that can be used to customise a miner.
There are two type of mystery boxes, Essential Hash Parts and Elective Hash Parts. Essential Hash Parts contain only hash boards while Elective Hash Parts include control board, power supply unit and cooling system.
Players would need at least one hash board and at most four nonduplicated components, one from each type to mint a miner(our unique NFTs which is customized by the parts). Each part has three level of rarities and assigns different attributes to the miners.
For more details about the attributes, please check out: https://docs.coolmining.io/how-coolmining-works/mystery-boxes

ONESHOT VENTURES:
5. What is your tokenomics?

COOLMINING :
As gamefi has blown our mind about games in the Crypto world since last year.We all know that gamefis are about P2E (play to earn). And players do care about the earn part!
To explain our tokenomics, There will be 2 tokens circulating in the coolMining ecosystem, CoolHash and CoolGas.
CoolHash, aka COOHA, is the hashrate token. 1 CoolHash = 0.01TH/s hashrate. Players can use CoolHash to stake for BTC rewards or purchase mystery boxes and customise their own miners.Also, it is the governance token for the CoolMining community. We’ll be listening to our communities as we grow!
And for CoolGas, aka COOGA, is the utility token. Players need CoolGas to boot the miners. At the same time, players receive CoolGas as mining rewards besides BTC rewards. And just so you know, the CoolGas rewards might worth more than the BTC rewards you receive.

COOHA gets listed on KUCOIN.
Trading:https://www.kucoin.com/trade/COOHA-USDT

ONESHOT VENTURES:
6. Can you please provide some information about your Roadmap and how is CoolMining progressing so far?

COOLMINING :
Now we have all our smart contracts audited and private beta testing in progress.
We plan to officially launch the game by late Feb or early Mar.
We are currently developing the miner hosting gameplay, hopefully in Q2.
Besides, we are considering deploy the game on other chains as well.
As the ecosystem grows, we are looking to partner with other major miners and add more hash power into CoolMining.

ONESHOT VENTURES:
Next we are going to part 2 : Questions on website
1. What are your expectations for GameFi’s development this year?

COOLMINING :
There are many exciting gamefi projects that are under-development right now, especially with last year’s boom. The play-to-earn narrative will continue to drive the innovation of gamefi.

ONESHOT VENTURES:
2. What makes you different from your competitors? Why are you the one?

COOLMINING :
CoolMining is the first project that is backed by real-world assets. All of the hashrate in game is backed by real world hashrate.
Holding COOHA is akin to holding BTC. We reward players with real BTC. As long as BTC network is live, our reward distribution system will not stop.

ONESHOT VENTURES:
Next we are going to part 3 : Questions on twitter
Question 1.
Token burn” is beneficial to any business in terms of regulating the number of tokens in circulation and offering greater incentives to investors. Is there a strategy in place for token burn in your amazing project?

COOLMINING :
COOHA currently has no token destruction plan, but COOHA paid for by purchasing Mystery Boxes will be destroyed.

ONESHOT VENTURES:
Question 2.
Your foundation idea is very new, so it takes a lot of formula and takes a long time to develop. This must have a tricky point for you? Do you agree that the strength of the community will lead your project to grow globally?

COOLMINING :
The CoolMining community is vital to the development of CoolMining, which reaches out to a global user in many languages, and welcomes you to join the CoolMining community.
Telegram:https://t.me/coolmining
Discord:https://discord.gg/coolmining

ONESHOT VENTURES:
Next we are going to part 4 : LIVE QUESTION
I will unmute the chat in 2 minutes and when I mute again,please choose 5 questions

COMMUNITY:
Can you share your social media links so we can keep ourselves updated?

COOLMINING :
Official website: http://coolmining.io/
Telegram: https://t.me/coolmining
Discord: https://discord.gg/coolmining
Twitter: twitter.com/CoolMiningGame

COMMUNITY:
How can I buy your tokens right now? Andwhich Wallet Support your Token?

COOLMINING :
You can buy COOHA and COOGA from KUCOIN, MojitoSwap, and all wallets that support KCC chain support COOHA and COOGA, such as MetaMask.

COMMUNITY:
When will the PRE SALE end?

COOLMINING :
The NFT pre-sale has ended and COOHA is now available at KUCOIN and MojitoSwap. You can get COOHA and then go to the CoolMining website to buy Mystery Boxes to get NFT.

COMMUNITY:
Do you have a whitepaper? If yes, please share it with us. Secondly, Do you have plans for pre-sale? Now where can I join it?

COOLMINING :
Whitepaper:https://docs.coolmining.io/preface/tribute
As I answered in the last question, the pre-sale has ended, you can go to KUCOIN and MojitoSwap to buy COOHA to participate in the CoolMining game world!

COMMUNITY:
My best question sir

IS This Your project only for elite investors, how about others with small funds, is it open to everyone?… Please??My best question sir

COOLMINING :
CoolMining is open to everyone, no matter what your profession or status, as long as you know how to operate, you can join the CoolMining game world.

ONESHOT VENTURES:
do you want say anything with my community before AMA end?

Congratulations to #COOHA gets listed on #KUCOIN.
Trading: 08:00 AM on April 27, 2022 (UTC)

#CoolMining $1000 COOHA #Giveaway
Total 50 spots.
Ends April 30, 2022(UTC)
Giveaway link : https://bit.ly/37KCX9l

https://twitter.com/CoolMiningGame/status/1518892888444534784?s=20&t=mOvlkS4dK-2iUGI-Lf8_fA

Don’t forget to participate in Giveaway to get COOHA!

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